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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Warning To Labour - Rent Controls Just Won’t Work

If Labour plans to bring in rent controls they won’t work, a property association has warned.  The National Association of Property Buyers (NAPB) says the idea would...

Looking Up! Foxtons internal data shows rental sentiment improving

Internal data from Foxtons, London’s largest lettings agent, indicates sentiment may be improving across the capital as data shows a 12% increase in tenant demand in...

New website marks high profile agency’s 20th anniversary

High profile independent lettings agency base property specialists is marking its 20th anniversary with a new video-first website. The agency - located in London and founded in...

Today - ESTAS shortlists for three top industry awards

The ESTAS has revealed the nominations for three of its most prestigious categories to complete the shortlist for the 2024 awards. The ESTAS People Awards category was...

Asking Rents still in positive territory in all but one region

Asking rents continue to show posi­tive growth in all regions except Greater London, the UK’s largest rental market, where they continue to indicate weak­ness.  That’s the message...

Beef Up Renters Reform Bill to stop even more evictions - call

A charity claims that new official figures on rent rises will “create more worry among private renters.” StepChange charity is referring to government figures showing that private...

Agents, Start Your Engines - Formula 1 figures to address agents

Letting agents are being invited to two senior Formula 1 figures on how to improve their performance. Neil Martin has held senior strategy positions at McLaren, Red...

Half of Agents say they Don’t Know who they’ll vote for

Around half of letting agents and landlords say they are unsure about how they will vote in the General Election. A joint survey of around 1,000 property...

We’re Looking For Agencies To Buy - unusual statement from firm

Pattinson Estate Agency has taken the unusual step of saying it’s looking for rival lettings operations to buy.  The family-owned agency is the largest in the North...

Hot Money now on August Interest Rate Cut

Inflation figures are down - but not as much as many analysts expected. The basic Consumer Price Index figure fell from 3.2% a month ago to 2.3%...

Record business claimed by deposit alternative service

Deposit alternative provider, flatfair, has reported record figures for the first quarter of 2024. From January to March, 56% of tenants chose flatfair No Deposit over a...

Renters Reform Bill - will it become law by July 4?

A General Election has been called for July 4. So what happens to the Renters Reform Bill, which has been the subject of years of controversy and...

Propertymark wants Labour to come clean on rent controls

Propertymark wants Labour to come clean on its rent control policy, as the party repeatedly flip-flops on the issue. The agents’ body is confused - as are...

Emoov, pioneer online agency, acquired by small family business

A low profile family company called the Griffin Property Company has acquired Emoov, the online agency which was a pioneering name in digital property lettings and...

Shock figures show half of tenants struggle to find next home

Half of all tenants who moved during the past 12 months found it ‘difficult’ or ‘very difficult’ to secure a new rental property, says the Deposit...

Interest rate cuts this year, suggests IMF - but it isn’t all rosy…

The International Monetary Fund has suggested that the British economy could accommodate three interest rate cuts this year, with Kate cuts taking base rate back down...

Build To Rent operator strikes deal with deposit alternative supplier

Build To Rent developer and operator Dandara Living has struck a partnership with deposit alternative service flatfair. Dandara joins other BTR operators working with flatfair, including Greystar,...

Agents encouraged to get mystery shopping analysis of performance

Letting agents are being encouraged to sign up so a mystery shopper can assess their performance. KnowYourMarket, a market research firm in the property industry,  collects data...

Airbnb Restrictions - Gove slammed by Labour-dominated council body

London councils have slammed government plans for regulating the short-term and holiday lets sector. In a letter to Housing Secretary Michael Gove, the Labour-dominated group called London...

Tenants Renewing on Existing Contracts hit with high rent rises - new data

Tenants renewing an existing contracts have been faced with high rent rises according to Hamptons lettings agency. It says they rose 8.3% on average over the last...

Rightmove to supercharge Material Information search service

A previously low-profile property and land research platform, has entered a partnership with Rightmove. Addland, which claims to have “a community” of nearly 20,000 members, says the...

Young couple take on lettings agency busy city franchise

A young couple are taking on the franchise of lettings agency Martin & Co in Exeter. Local couple Nik and Rosie Davey replace previous franchisee Chris Perring. Nik...

Rightmove rolls out Material Information listings display

Rightmove is rolling out displaying the new Material info Parts B & C fields on listings, following a number of months of working with agents and...

Most homes cheaper to rent than buy, even with large deposit

A third of homes currently for sale can be bought with a mortgage and monthly repayments that cost less than the average rent in the same...

Good news on Inflation expected this week

Inflation is expected to drop sharply in the April figures due out this week. The Office for Budget Responsibility and Bank of England expect inflation to fall...

Agency snaps up lettings book as part of regional expansion plan

Property consultancy Walker Singleton has acquired the book of business of the Boococks agency as part of its West Yorkshire growth plans. The deal, for an undisclosed...

Agency network links with industry supplier for training courses

Lettings agency giant Belvoir has struck a partnership with a PropTech firm majoring in inventories. InventoryBase Academy has been appointed as Belvoir's recommended inventory training provider for...

Yes to Regulation and No to Rent Controls - Propertymark

Propertymark wants Northern Ireland’s Department for Communities to regulate property agents via professional bodies such as itself. The Department for Communities is continuing with the second phase...

Propertymark tells politicians - add agent regulation to Renters Reform Bill

As the Renters Reform Bill makes its way through the House of Lords, Propertymark has advised peers not to miss this opportunity to legislate for the...

What about Rental Reform? Labour puts issue on the back burner

Despite once claiming it would abolish Section 21 evictions “on its first day in office”, Labour appears to have gone cool on rental reform and other...

PropTech: Agency launches custom-made AI-powered CRM system

An AI-powered Customer Relationship Management system tailored specifically for letting and estate agents has been launched by an individual agency.  Preston Baker is the first agent to...

Labour split as MP defies party policy and calls for rent controls

A Labour MP is calling for rent controls to be introduced, with powers for councils to tweak them as they see fit. This is despite her party...

Get the Rent To Rent house in order, demands Propertymark

Propertymark has come out in support of the National Trading Standards Estate and Lettings Agency Team’s probe into Rent-to-Rent.    NTSELAT has concluded a three month consultation...

Want to save 25 minutes per transaction? PropTech link-up claims you can...

The Property Franchise Group is to roll out a partnership with PropTech firm Coadjute TPFG, the largest franchise estate agency group in the UK, piloted the service...

Tenant Turnover - landlord sales and not evictions are chief cause

Some 50% of tenants who moved last year did so because their landlords decided to sell the property.  By contrast, eviction was cited by just 11.3% of...

Hate Crime - Anti-Second Home Posters reported to police

Anti-second home posters seen in parts of North Wales and on social media have been reported to the police as a potential hate crime.  The abusive comments...

Brexit and High Interest Rates pose major challenges to agents

Letting agents believe Help to Buy has been the most positive influence to the property market in recent times, while on the other side of the...

Far cheaper to rent than to buy in London - new figures

Londoners looking to buy a home can expect to spend 42% more on monthly mortgage payments than tenants pay on rent, it’s been claimed. In addition the...

Pity The Poor Renter - analyst says tenants face tough conditions

An Office of National Statistics survey shows that the top three issues facing the UK are still the cost-of-living crisis (89%), the NHS (88%) and the...

Banned - rogue agents disqualified for abusing Covid loan scheme

The husband-and-wife directors of a Cornish lettings and estate agency have been disqualified from being company directors for a combined 12 years after admitting their role...

New location for long-standing Savills operation

Savills has moved to a new office in Petworth town centre, from which its lettings and other services will operate.  Savills, and previously Smiths Gore, has had...

Agency appointed to service new Build To Rent scheme

The agency Centrick has been appointed to launch and operate a new multi-million-pound Build To Rent development in Leicester.  Centrick will provide its services on behalf of...

Tax - that’s why rents are rising so much

Propertymark has given its view on why private rents have risen so much - 6.1% in England, 7.0% in Wales and 6.8% in Scotland in the...

Election Gimmick Stamp Duty Cut would trigger evictions - claim

A stamp duty cut in the run up to a General Election would see house prices go up and evictions soar, a property industry commentator claims. Media...

£1.3m fundraise for PropTech rental instant messaging platform

Rental PropTech platform Krispyhouse has secured £1.3m in second-round fundraising. The residential rentals app and online platform is reported to have secured its latest equity funding from...

Airbnbs may need Planning Consent in key tourist location

A council claims it’s reached an important stage in the process of deciding whether to implement the Article 4 Direction power for short lets. A report will...

Agents berated for boring and useless ‘Free Valuations’

A prominent lettings expert and former president of ARLA Propertymark has berated agents who advertise ‘free valuations.’ Sally Lawson, now well known for being behind Agent Rainmaker...

UK’s most lucrative locations for holiday let income

The Cotswolds is the most lucrative place in the UK to own a holiday let, according to Sykes Holiday Cottages. With annual incomes averaging £28,500, versus a...

Freeholder hits at government over slow responses on building safety row

The corporate freeholder which has been obliged to fix serious building safety issues at a tower block has issued a statement criticising the government over its...

Guilty! - Fraudster letting agents duped landlords and tenants

Two London agents who traded fraudulently through their lettings business and scammed victims out of over £24,000 have been sentenced. After a lengthy and protracted investigation into...

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